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Business Loans

Are You In Need Of A
Business Loan Right Now?

Our Loan Qualification Criteria Is Flexible And Less Intensive Than Banks
We’re Focused On Getting You Approved for A Business Loan So You Can Grow
Lets get Started

WHY GET A BUSINESS LOAN FROM ALTERNATIVE LENDERS?

Most online lenders are similar to traditional lenders and their small business loans are similar to traditional loans in many ways. Traditional lenders are reluctant to lend to small businesses; and lending to small business owners has declined since the Great Recession.

The online lenders are using innovative technology and have streamlined the process to make funding available for small businesses that demonstrate healthy business practices. They consider metrics like transaction history and cash flow, not just business’ credit.

BUSINESS LOAN
APPLICATION PROCESS

THE LOAN APPLICATION PROCESS

Online lenders have also made the loan application process frictionless which has a great impact in small business lending.

The process is simple: an online application that takes only few minutes, and you will get a decision in few minutes — whether the loan application has been approved or declined.

APPLICATION PROCESS
Loan Documentation Loan Documentation

The documents required for an online loan application may vary from lender to lender and include the following:

  • Your Social Security Number
  • Your Business Tax ID Number
  • Monthly Business Bank Statements
  • Financial Statements
Business Loan Interest Rates & Fees Business Loan Interest Rates & Fees

Interest rates and fees will be different for every lender, and it’s important to understand them before comparing loan options. You should ask the following from a potential lender:

  • Total interest cost (or total cost of the loan)
  • Fees related with the loan; &
  • The Annual Percentage Rate (APR)

Understanding these metrics will allow you to easily compare loans terms and allow you to select the loan option that suits your needs best.

Loan Qualification Criteria Loan Qualification Criteria

The online loan qualification criteria may vary from lender to lender, but standard guidelines are as follows:

  • Required Time in Business: 6 months - 2 years
  • Minimum Annual Revenue: $50,000 - $150,000
  • Minimum Personal Credit Score: 500 - 650
  • Type of Industry: It can be varied
Online Business Loan Requirements
At least 6 months in business $50,000 minimum in gross sales No
open bankruptcies
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Read The Fine Print

Make sure you carefully read the fine print before you sign on the dotted line. You should understand any and all costs and penalties associated with your loan—irrespective of whether you apply for a bank loan, an online business or a traditional term loan. Do your homework and read all the documents carefully.

If you find any financial terms that you’re unacquainted with, ask your lender or get help from a trusted advisor before you sign the contract.

With so many funding options available for business borrowers, it’s time to become savvy while making a decision so you can select an option that will be the best fit for your financial needs.

A Smarter Way To Shop For Business Loans

At Merchant Advisors, our goal is to serve our clients' immediate and long term financial needs from basic business loans and credit lines to the most intricate financial situations. Time is money and we make sure you waste neither.

Our experienced financial advisors keep their finger on the pulse of your business, and stay on top of your industry's trends which can affect your entrepreneurial goals or existing enterprise.

Choosing The Best Small Business Loan for You

With so many loan options available, which is the best fit for you?
How do you get started?

Find Out Now
The Merchant Advisors®
Advantage

We've learned a lot by working with thousands of small business owners like yourself. With Merchant Advisors, you not only get capital for your business, but also get credit resources, affordable prices, renewal benefits, early repayment savings and, best of all, peace of mind.

Simple Application, Quick FundingTo get started, fill out quick 3 step online loan application, provide basic business information, and you will get a decision in one hour and funding in as quick as 24 hours.

A Dedicated Financial AdvisorYou will get an email almost immediately with the status of your loan and our expert financial advisors will reach out to you. Our dedicated experts work with business owners like you every day to answer questions about small business loans, financial challenges and getting you the best financing for your business.

Improve CreditBuilding a solid credit profile is important to gain quick access to financing at the best rates. We help you with your credit by reporting it to credit bureaus.

Loyalty BenefitsWe offer discounted fees on loan renewals and lower pricing on small business loans for our loyal customers. Because we are always ready to help you, now and in the future.

The Merchant Advisors